Carpetright says pretax up 8%, 2H comp. sales fall

KabirChibber

LONDON (MarketWatch) -- U.K. specialist carpet and flooring retailer Carpetright PLC
CPR, -0.95%
said pretax profit for the year to April 30 rose 8% to 72.5 million pounds, higher than the analyst forecasts of 61.3 million pounds. Revenue rose 2.2% to 462.5 million pounds. It said the U.K. floor coverings market "has become more difficult" since the start of 2005, in line with other housing-related sectors and retailers. Same-store sales rose 3% in the first half, but fell 5.4% in the second half. Carpetright said the business is well placed to continue its growth and increase market share.

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